It’s often said that by owning a home, you’re not throwing your money away on rent. The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that this may be true, but when you buy a home you will still spend money on things that don’t build equity such as; interest on your mortgage, property taxes, property insurance and maintenance of your home. These expenses can add up to more than you’d likely spend on rent. If the only financial advantage to buying a home were building equity, that wouldn’t be enough to offset these expenses, and it would be better to rent. The real reason buying is usually better than renting is not simply that you avoid throwing money away. It’s because you would lock in your monthly payment for 15 or 30 years; if you rent, you typically have to pay more each year and your house gets more valuable over time. Check out below to see what sold in Country Club Village in March 2018:
16338 Forest Lake Drive, Northville: 2 bedrooms, 2.1 bathrooms, 1,519 sq. feet, 2 car garage, Sold Price: $265,000
Country Club Village Home Sold
March 2018
39672 Dun Roven Drive, Northville: 2 bedrooms, 2.1 bathrooms, 1,704 sq. feet, 2 car garage, Sold Price: $297,900
Country Club Village Home Sold
March 2018
39444 Village Run Drive, Northville: 3 bedrooms, 2.1 bathrooms, 2,286 sq. feet, Sold Price: $324,500
Country Club Village Home Sold
March 2018
Freezing your monthly payments is the real advantage over renting. This makes buying a home worthwhile. For more information on Country Club Village, or similar Northville or Novi neighborhoods such as Blue Heron Pointe, Island Lake Arbors and Hickory Creek, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.